tv Cavuto Coast to Coast FOX Business October 17, 2017 12:00pm-2:00pm EDT
we go much higher. say it again. >> we have momentum in hiring. we have momentum in the economy. we need something to push a little further. if we get it, it will be fantastic. stuart: well-said, young man. well-said. neil, take it away. neil: what if we don't get the tax cut? stuart: you discuss that on your show. neil: that is the half empty depressing glass. thank you very much, my friend. we're keeping track of the dow at record place off the 23,000 highs. off of improving economic numbers we've been seeing. this would be a 4,000 point jump for this market this year. it crossed 20,000, five days after trump inaugurated. did so on march 1st, 21,000. did so on august 21st to it 2,000. august 20 second. today, intraday.
at 11:06 a.m. it doesn't count officially until you close at that level. that can often times prove a devil of a time. higher you get, smaller leaps are percentage wise. to market watcher jonathan hoenig and fox business's nicole petallides. nicole, when the crescendo was hit, what happened? >> there is always elation. they open up hats which they will not reveal in the the moment you cross it. you can beg, cry, plead, offer your first-born child, they won't give you the hats. finally crossed it, monumental psychological level. it shows overall optimism that really has hit wall street since the election. we've had a great run. the idea we have more business-friendly administration and that fundamentals improved. look at winners. caterpillar, dupont, home depot, those have been best former since dow 22,000. all-time highs, johnson & johnson, united
health, three names that really comprise half of the gains, five names, would be boeing, caterpillar, home depot, goldman sachs and 3m. neil, you exhaust me if i told you about each milestone considering i was standing here for 10,000. we'll take it. we have the hats to show for it. nice for the 401(k) cans and. neil: i was there for dow 1000. jonathan hoenig, does this continue. is this your sense continues or is this melt-up, we should be worried about it, what? >> neil, you might not have been there for dow 10, but you remember the nasdaq 5000. neil: absolutely. >> think back to that era. the nasdaq went up '95, '96, '97, '98, '99 went up 100%. the facts that market is hitting new all-time highs, nicole said, a lot of companies, financials lately, technology like netflix,
microsoft, they're leading this economy and market forward. until the trend changes, it is trend is your friend and continues to be higher. >> and it is a global story. neil: the phenomenon, jonathan, if you think about it, after it crashed it took 10 years to recoup. i'm wondering whether, you know, god forbid, history proves itself again, what goes up, what goes down what do you think? as we await the president's visit, the greek prime minister is in town. >> 1999, we heard about tax cuts. deregulation. the fear index at all-time low. expectations about the market are at all-time high take advice from buffett, be fearful when others are greedy and greedy whether others fearful. they're not that fearful right now. neil: how much do they attribute to president trump.
just the enormous. neil: how much credit are they giving donald trump for that. >> the initial move, and the initial feeling of optimism, and reinvesting in the economy and that growth, really they are attributing to trump. the idea there would be change and growth for america overall and better business plans, better trade deals, et cetera. so with ideas in place that alone has brought optimism. then that optimism showed investment whether it is business spending or whatever, hiring and that brings our economy moving forward. i will say they're talking about a global economy which really also has improved. as a whole world we're moving
together to the upside. neil: i want to thank you both, very, very much here. also working into this is role back of regulations. a lot of people say anticipation about tax cuts but to hear a lot of corporate titans tell it, you get regulations off our back, get the government our back we'll be off to the races this guy is in front and in charge, epa chief scott pruitt here now to look at what we're looking at now. secretary, good to have you. thank you. >> good to be with you, neil. good to be back. neil: how much do you think this is built on regulatory relief, the kind you're pushing on the environmental front and your agency but what is driving this issue? >> i think it's a big issue, you're right, neil. if you look at economic growth or lack thereof last few years, tax policy, fiscal policy impacts that. even more so regulatory uncertainty. agencies are adopting rules and regulations in many areas of the economy from finance to health care, energy and environment that creates uncertainty where
you have actions untethered to a statute and those regulated don't know what is expected of them. they don't invest capital or put capital at risk, or don't hire personnel, because of uncertainty driving the marketplace. regulatory reform and roll back, whatever term you want to refer to is what we're seeing. sending messages to all age sills of the federal government if do our work we need to do it to provide regulatory certainty. neil: the fact thaw oversee the epa, your cutbacks are most worrisome. a lot of environmental its say, your looking at clean power plant was overreach and regulate greenhouse gases and the like and the fact that you have a very friendly relationship with a lot of fossil fuel and
traditional fuel guys, coal guys, at the expense of environmental folks. what do you say to that, you're in too tight with the business community? >> first and foremost as we spend time across the country, i've been to 25 plus states, meeting with stakeholders. i see stakeholders and partners and good work of achieving good environmental out comes as opposed to adversaries. the waters of united states in 2015 adopted a definition after water of the united states is including dry creek beds and subdivisions being built in utah and across the country that created uncertainly i talked about a minute ago. to hear from the stakeholder, impact on the ground literally all over the country, that is a job of the regulator. our job is to be informed making good decisions how we regulate to achieve good environmental outcomes, but do so consistent with the statute. that process is the right process. but, neil, i think as we look at the overreach, the overreach of
the clean power plan, a war on sector of our economy, a week ago today i was in kentucky talking to folks there about the war on coal that the previous administration engaged in. it was a real war. the president said the war is over. and that is what i was there to announce to those folks there. as regulator you shouldn't engage in war on any sector economy. utilities making decisions on stability, cost, all forms of fuel, from natural gas to coal and other fuels. neil: isn't natural gas is traditional threat to coal you wouldn't have to be doing any of this stuff? you let market forces prevail? in other words, that is the biggest burden that coal producers face, you know, clean natural gas alternative that just rose quickly became the new energy de jure in this country? >> but i think from a mining sector perspective, they would say to you it is not just the
competition in the marketplace. it was veiled purpose by the previous administration to place burdens and restrictions on them didn't improve environmental out comes but increased burdens. neil: you say the prior administration targeted this case coal and fossil fuel industries? >> without question. without question. neil: there is great deal of your talk about your move to go one step further, sue and settle approach trying to curb legal settlements with environmentalists. they have argued, sierra club come out to say, what you did, there is general hostility, citizen enforcement of environmental laws. it reflects the fact that administrator pruitt doesn't want these laws enforced. what do you say to that. >> absolutely -- i'm a former attorney general. i led a grand jury. i know what it means to prosecute folks. we've already begun process to prosecute individuals in many cases across the country. what happen here over the last several years was not enforcement t was an abuse of
rule-making process. because epa would engage in discussions with various third parties, they would agree to certain obligations taking discretionary duties in the statute, making them non-discretionary or changing timelines congress put in the statute and go to court, put it in a consent decree and use that to go to states and citizens all over the country to say and do this. they didn't go through rule making. that is subversion rule making process. it us sue and settle. any agency of the federal government engages in substantive rule making through the judicial process is abusing their authority under the statute. that is it what we ended yesterday. neil: the press always has a field day trying to peg you on climate change, sir. i know you tried to address it in the past. i want to know for the record, you said you believe in climate change, man in large part might be contributing to it, but you don't take the leap where man should spend a lot of money, i
think i have got it right, to address that. what is your position on it? of course you know, president trump when he was running for office blamed this on china. said it was china hoax. they're getting away with the most abusive and they get off scot-free but your views? >> i think president's view in that regard, like the paris accord we exited with the right leadership of the president where china and india did not have to take any steps for co2 reduction until 2030. india conditioned all responsibilities receiving $2.5 trillion in aid. when we look at co2 reductions, we're at pre-1994 level with innovation of technologies and conversion of natural gas to electricity. we reduced our co2 footprint, 18%, almost 20%, from 2000, to 2014. we're leading with action. neil: your issue not denying man might have a role of climate
change, the degree where we pay the burdennen. >> comparatively to the other nations with respect to the paris accord. neil: i'm sorry, india and china pay up, pony up more than they are now, which is next to nothing, at least in the early years of that accord, but they will down the road, if they do that right now, would the u.s. consider rejoining honoring the accord. >> the better discussion, neil, not put artificial targets in paris, 26, 28% the past administration with their own regulations failed miserably to achieve, focus what we've already done to reduce co2 footprint, export the places to like china and india. all that being said, the tools in the tool box under the clean air act how to address this issue is very important question. i can't imagine authority under the clean air act. i can't create it out of thin air, forget the reference. and make it up that is what the past administration did. the clean air power plan was
imagined authority. the u.s. supreme court intervened and issued a stay of unlawful actions of clean power plan. neil: you didn't buy the obama administration argued that 6600 premature death cost have been avoided or 150,000 birth defects, asthma, attacks and like in children could be avoid? >> neil, we regulate pollutants under national am by antiair quality program. that is focused on health. there is no cost benefit analysis at all. what the past administration did with co2 reductions they double counted. they look at those kinds of reductions and pollutants alongside co2 reductions and we shut get benefit of double counting to spice up the cost benefit analysis. all that being said, neil, the fact of the matter is, we're leading nation, excuse me the world with respect co2 footprint reductions. we're leading with innovation
and technology. we have to ask the question, what authority has congress given epa to engage in rule making to reduce co2. the past administration didn't do that our administration is. neil: thank you for taking the time. epa administrator scott pruitt joining us live on the show. thank you for being with us, sir. >> thank you. neil: the protests are the at tipping point. you have the owners, commissioner, union groups representing the players. this could get very interesting. more after this.
neil: coincidence on the day that dow pierces 23,000? a sighting of a bull in brooklyn, new york. that is a bull wandering around brooklyn, new york. we don't know what when it came but we do know wandering around, the thing with a you will about, you have to be careful trying to capture it, keeping your distance. looks like on a school or field of some sort. all of this happens on the same day, the dow for the fourth major 1000 point leap this year jumped past 23,000. it has since given back a little of that, now at 22,977. while stuart varney was bragging about the 23,000 thing happening under his watch, look what is
happening undermine. you're welcome, america. we'll keep an eye on the bull. keeping an eye on another important meeting going on in new york city, nothing to do with stocks. nfl owners trying to take stock where they stand in this whole controversy with the national anthem and the flag, players union there. our connell mcshane in the middle of it all. hey, connell, what is it looking like? reporter: hey there, neil. that was quite a lead-in, nothing like that in lower manhattan where we are but there is a lost intrigue. we've been talking about this story forever. there is lot of build-up to this meeting whether there would be big change announced by owners of the nfl with regard to their policy about players standing for the national anthem. we don't expect that. there is talk about compromising rather than mandates. finding common ground for two sides to work together. the development before this meeting got underway a joint
letter from the senate judiciary committee, by the commissioner of the league, roger goodell, and a member. seattle seahawks, criminal justice reform. i will put up a excerpt. this would address many issues of what our players worked to raise awareness over last two decision. this improves public safety increase and rehabilitation and strengthen families. that is breaking news coming in. they're trying to work together to work something out. more later in the day. neil: we'll talk to caleb campbell, former army ranger, former detroit lion on all that. president meeting with greek prime minister alexis tsipras. >> they're doing a great job of coming back. they will be back. we're working with them on many different things. they are upgrading their fleets of airplanes, the f f-16 plane,
which is a terrific plane. we're having meetings right after this. we're having luncheon with the staff also. we'll talk about additional ways where greece will help us and we will help greece, but we have had a long time relationship with greece. they have been great friends and loyal friends and allies and we look forward to our discussion today. thank you, mr. prime minister. >> thank you, mr. president. thank you for the invitation and hospitality. i am sure we'll have very fruitful discussion today. i think there is very important moments for our strategic cooperation. i'm sure that we'll do whatever it takes to enhance this cooperation. greece is terrific partner in a very sensitive region. but every time is a reliable partner for the united states. >> that's true. >> we share common values. don't forget greece was born,
freedom, values of freedom and democracy that we share all together. sew i'm very happy to be here. it is an honor me. >> it is my honor. thank you. >> with obamacare dead, are you trying to keep it alive? >> obamacare is virtually dead. at best you can say it is in its final legs. the premiums are going through the roof. the deductibles are so high people don't get to use it. obamacare is a disgrace to our nation and we are solving the problem of obamacare. okay? thank you all very much. thank you. thank you. >> thank you very much. neil: we are monitoring that meeting the president's having with the greek prime minister. he has promised investments in greek oil resources. their military bases there, some tactical, as well as financial support. we'll keep you posted what exactly the greek prime minister can expect out of the u.s. president. that might be detailed later on.
meantime back to an issue that the president has stirred up again in the last couple weeks. just yesterday a press conference at the nfl owners and what they should do about players. some of them he referred to as so. abouts for not standing up -- sobs, for not standing up to the national anthem. i wonder what he feels. former detroit lions linebacker caleb campbell. where do you see this meeting is owing going forward? what do you think they should do? >> i don't know they will necessarily resolve it during the meeting today. i think it is too complex of an issue. i hope some conclusions are drawn in this meeting. unfortunately, it will not be a win-win situation. it will be a win-lose situation. whether the football fans so-called lose or the players so-called lose in this situation i do hope the nfl and the commissioner can do whatever they absolutely can do to make sure they help appeal to that
side. to make football what it once was, what we all want it to be again. neil: do you have a position on this of players who kneel out the national an them, that sort of thing? >> absolutely i do. probably not the most popular opinion, but it was about the protest, about police brutality, neil, i could honestly say i would give anything to shake colin kaepernick's hand, i honestly would. i say that for this reason, when it was about police brutality, it is not now but tides have turned. when i know it was about police brutality, i would say thank you to colin capca. i grew up in the texas panhandle. in the bible belt. we had no african-americans. we had no black people in our town. when i was in junior high, i remember playing basketball on aau, basketball team. all-black basketball team. i had one of my team payments
come and visit, one of my teammates visit, i remember sitting in the van with my mother in the store shopping, a prominent figure in our community, he walked out of the store, he looked at me and saw my friend, and looked back at me said, what is he doing here. i didn't know what he meant. he doesn't know the friend or who the stranger hanging out with. it wasn't until years later he was asking why is a black guy with you in our town. that is the honest truth. fast forward now, because of my upbringing and because of the world in that i experienced growing up in the small texas panhandle bible belt town i could not for the life of me comprehend when i would herd about police brutality, when i would hear about unarmed black people being shot for no reason, my first thought, neil, you can call me ignorant, the american people can call me ignorant, i'm not the exception. my first thought was, they must have done something to deserve
it. and that was honest to god my first thought. until colin, i could not fathom reality because of your skin color. you would be shot because of your race. i couldn't comprehend that. that was never my reality. i'm very sympathetic. neil: you're sympathetic to the right to do this. >> that is the issue. empathy. america is missing empathy. at end of the day we're all in pursuit of life, liberty and pursuit of happiness. that is what we're all half. life, liberty, pursuit of happiness to one side of this argument looks like, standing, acknowledging, honoring american flag, national be anthem. that is what it looks for me because the way i experienced america. would i be absolutely naive that other people perceive the same america that i live with. neil: we're pressed for time. i apologize. one of the things that has come up is how owners handle this
going forward. jerry jones of the dallas cowboys said, well, you can kneel before the national anthem like we did at one game. everyone is up for the national anthem. those that don't honor that, they're ben of for the game. what do you think of that? >> i think double standards across from the nfl. i am unfortunately very displeased with roger good dell. there have been double standards time and time again with this entire issue colin began kneeling, late last year and what is happening now. i think the nfl, they need to come out with actually standard operating procedure and actual protocol. if you do kneel, you will get fined just like wearing pink outside of the month of october. same thing is happening. there is standard operating procedure. this is what the rule book says. this is what the manuel says. if you choose to behave outside of guidelines we put into motion, we put into place you will be fined accordingly. there is really no difference now. the problem is there have been double standards from the
beginning. 100% this is on roger goodell and the nfl. neil: that he hasn't been consistent, right? >> he has not been consistent at all. neil: caleb, thank you. unique perspective on this. >> thank you, neil, for having me. neil: how you grew up, your service for the country and understanding former colleagues. thank you for taking the time. we'll have more after this. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
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go long™. ♪ neil: we're getting word the president could likely announce his decision to run the federal reserve, who will that be person, before leaves for that asia trip early part of next month, november 3rd. final list includes kevin wash and jerome powell. former federal banker and decade long fed bored board of governors. john taylor and gary cohn and
janet yellen we're told will meet with president on thursday. forget about women and other accusers, he might face the biggest challenge from his own brother. lauren simonetti has latest. >> hi, neil. the weinstein company has tried to silence harvey weinstein by firing him first from the company he co-founded, and now potentially from its board of directors. they are holding a emergency meeting. harvey is expected to dial in by speaker phone, he is in arizona reportedly in rehab. the board might hang up on the phone call. if that happens, "tmz" reports, and is axed from the board he will go governors off. they had no reason to fire him according to his attorney that allowed for sexual harrassment as long as he harvey weinstein paid for the victims. his own brother speaking out,
telling "the hollywood reporter" sickened by harvey's lack of remorse. i have a brother that is indefensible and crazy. i want him to get the justice he deserves. well that justice might be coming. the question now, can the weinstein company survive even with the potential name changed and scrubbed movie credits. four board members already resigned. other employees and executives have not committed to staying put as this drama unfolds, neil. neil: thank you, lauren, very, very much. kim serafin, entertainment journalist what she makes of this. kim, this does seem to be escalating. what happens? >> this is really a watershed moment. i know people keep saying that. there is a sea change in hollywood. not just with harvey but a lot of people coming forward. harvey, this weekend he was expelled from the academy. the board of directors voted to expel him. he has been suspended from the behalf at that. the british equivalent. the producers guild ban expelled him from the producers guild.
the tv academy is expected to do the same. a lot of people are standing up, saying this is not right. they're sending a signal in hollywood. that is causing a lot of women in hollywood to come forward, not about hollywood but their own experiences. there is definitely a change everyone is sensing here in hollywood. neil: seems a little phony, kim, this was a running joke at award shows and events where they would always kid about it. maybe they didn't know the real details and some of the more severe allegations that would crop up, but, they certainly had a very different attitude then. now of course, these revelations now, but doesn't it also reveal as dark and underbelly to hollywood and how it reacts to treat this stuff versus other offenses? >> well, yeah. i think people were scared. i think when you have people like gwyneth paltrow coming forward and angelina jolie, who were very scared. they weren't at the time when this happened, when they're alleging this happened they were
not big oscar-winning stars they are now. that is why people want to change things, so young women -- neil: why didn't they do it once they became the big stars? you know what i mean? they would have more latitude, more wind at their back to do this and they didn't? >> i think people are still scared. i think now, at least people feel a little bit more open and a little brave now. reese witherspoon last night at a elle women in hollywood, when she was six teen she was abused by a director. jennifer lawrence, younger before she was a star a producer made her stand naked with several other girls to explain to her why she needed to lose weight. i think people feel more emboldened now. before this people were scared to come forward. at least people are giving that freedom to come forward. kathleen kennedy, the lucas film president, proposing there is a commission where people can have a place to report securely when things like this happened.
there really hasn't been that in the past. neil: what do you make of brother turning on brother here? >> again, it seems like hollywood is really turning against hollywood. it is very interesting in that interview where bob weinstein says, he says they haven't really spoken for five years. he always said he sensed that harvey was cheating on his wife, but he didn't know the extent of what happened. but, yeah, this, it doesn't look good for the company obviously. you're seeing a lot of relationships severed now. amazon had two projects with the weinstein company. not happening. much apple had a series about elvis, not happening. producers like lin-manuel miranda, they were want to get rights away. they don't want that happening with the wine see company. a lot of business deals are falling apart now. neil: kim, great reporting as usual. kim serafin. stocks briefly seeing 23,000. to celebrate we have a bull
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neil: coincidence? maybe for residents of brooklyn, new york, this is happening right near the presley park expressway in brooklyn. they have a bull on the loose. we have a bull market continues to be on the loose. see how i drew the two metaphors? that is what is going on we had the dow raising to all-time highs. we had been over 23,000 earlier. our fourth 1000-point leap of this still relatively young year if you think about it because we still have a ways to go. we're keeping an eye on the bull and bull market. how do you catch a rampaging
bull? people have been asking about this market better part of nine years. john decker, will exactly know the exact end date of that bull market. john, one of the things that come up in this discussion how much it has advanced, not the bull on the loose, bull market on the loose, tax cuts, that is what is driving this, optimism it will get done. how does it look to you? >> this is legislative area, neil, it can get done. if you look where we are in the calendar, one year from today we'll be talking about the midterm elections. republicans control the house. they barry controlled the senate. they don't want to lose the either house. they have to get legislative wins. this is the area which republicans particularly in the senate, neil, can coalesce in support of a bill that ultimately emerges from the senate. neil: do you think there will be any divisions on there was on health care front? seems to me, i could be wrong,
john, john mccain will be a no. rand paul seemed to have flexibility if they do something for the middle class, with offsets they still get a tax cut. he will be fine with it. but it could be close? in other words it is no guarranty, what is your sense what are you hearing? >> it could be close. republicans just like health care can not afford to lose two republicans. you mentioned john mccain, i don't know where he will come out in terms of a tax overhaul. what concerns me of the republicans in the senate, where they may stand is bob corker, who says he can't vote for any legislation that increases the federal deficit. and -- >> he is not alone in that regard, if you think about it. >> yeah. neil: others are real deficit hawks. that was long before, in corker's case he had the dust-up with the president. >> that's right. so that may be a nonstarter for some. ultimately i think republicans to get that legislative win, to put them on the road to ultimately repealing and replacing obamacare, fulfilling those campaign pledges that the president made, they made, they
need to be put on the road so they can hold on to the house and hold on to the senate. they may have to buy the bullet for things that they may not necessarily agree on. neil: john, when you were there, i assume you were in the rose garden for that surprise enlightening press conference, with mitch mcconnell, standing by the president, reading the body language, what did you get between the two? that they did bury the hatchet, that bygones are bygones or they will be pragmatic about this and move on? >> wealth body language that i saw was sort of pragmatism. look, mitch mcconnell, is majority leader of the u.s. senate, and he risks losing the u.s. senate. as a result you sort of have to let bygones be bygones, and move forward. get past brad blood that may exist between you and president. the president essentially needs to do the same thing. there was some comfortableness. they were both on the same page, wanting to repeal and replace obamacare. but in the short term they're
certainly on same page about doing something about taxes. i think that we have seen the house speaker, paul ryan say he would like to get his end of the bargain, the house done by november. senate will take a little bit longer. i think over next few months we may indeed see this happen. neil: even doubting senators, and it is debatable, whether they get democratic support, their view will be, it might not be perfect but not like the health care thing? something will be better than nothing? >> there is broad agreement among republicans in the senate about issue of taxes. there has always been the broad agreement. here you have a perfect storm. you have a republican in the white house. you have republicans in control of the house, in control of the senate. this is the tile which they can get things done. this is, would be a major legislative victory for president trump. after all tax reform hasn't taken place in this city in this country since the '80s. now is the time and they certainly have the numbers in
which to do so. neil: jon decker, fox news radio white house correspondent. good questions. good having you. >> thank you, neil. neil: we are keeping an eye on the rampaging bull, i do mean both of them, bull market at corner of wall and broad. this bull on the loose in brooklyn, new york, where in brooklyn, they have quite the attitude. they're proud of it, they're holding back of. in brooklyn, they say you see a bull, i see a bull. we're in no rush to get the bull. after this. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp
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neil: all right, if this is confirmed a big thing. u.s. military official telling fox that raqqa has been 90% recaptured from isis fighters. raqqa you might recall, considered once the capital of the isis caliphate. you chop that off from them, you essentially chop their ability to move forward or advance or plan anything. but again, you don't want to get too, too far ahead of this. meanwhile following developments in north korea, even though they were quite of late, they warn that nuclear war could break out, threatening a new missile, the government there, could hit the east coast of america. in other words putting pretty much all of the continental united states within its missile sights. to lieutenant colonel michael
walz on all these developments. colonel, thanks for coming. >> thank you, neil. neil: what do you make of threats from north korea? it might be plus test, do they have the capability of missile with this sort. >> yeah. neil: we dismissed their prior technological advance, only to discover, yeah, they are moving rapidly. what do you think? >> i think the bluster is par for the course. this happens every time we have joint military exercises with the south koreans or anytime really kim jong un make as name for himself on international stage, get some type of attention or concession. but time is not on our side here. north korean capability is advancing. we are on a timeline. they are moving to where they can have that icbm, have a reentry capability to strike the united states. they are moving to increasingly to mobile missile launch chers which makes it harder for us to get at them. they're moving from liquid fuel to solid fuel.
what that means they can launch their missiles faster with less warning. so i think there is a real sense of your again -- urgency. i'm okay with the president's tough rhetoric. i think that is what it will take to enable sanctions and diplomacy to actually work an shake the north koreans and chinese in particular out of the status quo they have been in for the last 30 years. neil: do you think they are advancing to the point they would have a missile capable of reaching east coast of the united states? i imagine that heighten as sense of urgency on our part if they do? >> right now they have shown the capability for what is called a two-stage icbm which could -- the range on that could strike the west coast of the united states. the three-stage which would bs next evolution, would be essentially be able to strike anywhere in the world. we have seen dramatic, we haven't gotten to the how this happened, dramatic increases in missile capability over last two
years. make no mistake, that will be shared with iran as well. there is other aspect in terms of a iran deal, and excuse me, ballistic missile program. neil: where are they getting money and resources to do this? a lot of people mentioned, iran, colonel, from iran. iran is flush with tens of billions of dollars, even if we totally shelved that agreement beyond just decertifying it, they still have all the money. maybe they have been spreading wealth around and giving some to north korea. what do you think? >> well, right. so 150 billion have been released to iranian regime. a lot in hard currency and cash since the deal. so those monies have not only flowed right into the iranian ballistic missile program, but flowed through tehran on to moscow where the iranians have been kind of a buying spree of sorts, of military technology. that two-way street between north korea and iran has been alive for many years. everything from ballistic
missiles to submarines, to different types of asymmetrical attacks and cyber capabilities for them to attack the united states and the west. have no doubt. that is a huge piece where it is coming from. but then also, a number of studies showed upwards of two billion from the north korean and chinese banking system flowing through the u.s. financial system. that is where we have to keep the pressure on the chinese and in president's upcoming trip on the chinese to actually enforce sanctions that they just put in place with banking sanctions. neil: do you think the chinese will do that? >> i think the chinese are very good dialing up public, their pr and then going quiet as we shift away. we have to keep their feet to the fire. neil: colonel, thank you very much. not only for just now, but your incredible service to this country. you're always modest about that but i admire it. >> thanks, neil. neil: news conference to the president of the united states up there with greek prime
minister alexis tsipras by the way petitioning for nor u.s. aid and find in odd forms, military contract. greece doesn't have the money to make good on that but they have resources we're interested in. like oil. they have a lot of oil likes that. honoring this bull market up 18 points, metaphor for markets that won't quit. we're on the lose. looks like a young bull. it escaped from a slaughterhouse, and he doesn't look like he is eager to go back. more after this. hy brighthouse l is committed to help protect what you've earned and ensure it lasts. introducing shield annuities, a line of products that allow you to take advantage of growth opportunities. while maintaining a level of protection in down markets. so you can head into retirement with confidence.
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neil: all right, it might not be 3000 anymore, but what is at that level almost two hours ago. it's still a record territory and would be the closer for 23,000. 4000-point climate this year. we've never seen anything like that before. and of course we've never seen the pace of this economic juggernaut continue as it has, whether some people want to attribute that to donald trump as part of a nine-year long old market. you can play this any way you want. it is undeniable, people are buying on it. capitalizing on it, keeping an eye because many of you have asked us to keep an eye on it to escape from the slaughterhouse we are told and is not going
back. hopefully they can work out something. the ingenuity alone i would say, touché for your stubbornness. all right. now, to the president who will be addressing reporters we are told in the next half-hour. he's got the great prime minister within today. we've got blake burman on all of the above. trade either come and kneel to the market to talk about this run-up over the last 10 years, about 4000 points or so since the president election in november. at least today they appear to be shrugging off one of the many? hang it over the senate budget process and that is a major process come incredibly important when you talk about tax reform. as for the? , whether or not republican at this point have the votes are not in the budget committee desert of advances going forward. you can get tax reform unless you have a project. brian kilometer lair, president trump acknowledged a very real question right now that they are sure where it stands.
>> we have not feeling so great. he may not be able to know. we don't know what john mccain is going to do. we have a couple of others that maybe could disappoint us, but maybe they won't. >> and there's already finger-pointing among some senate republicans today. for example i'm a rand paul sent on a couple treats in which he said john mccain and lindsey graham or trying to, quote, torpedo the budget. graham didn't take too kindly to that. he was asked on capitol hill little while ago and said senator paul is finding a way to vote no and he always does. remember, this is just a budget before we get to tax reform. the market something context if i'm going to happen. in the meantime at the white house, a half an hour so we are expecting a news conference between president trump and his counterpart alexis tsipras, talking along the lines of security and what to do with
turkey, but you might remember during the campaign last year, tsipras did not have very many kind words to say about the president. at one point he equated his nomination to evil. probably since moving over to do today. they've got a couple photo ops already and it's just been nice, smooth so far. neil: i forgot about that coming to evil,, all of that. thank you, buddy. blake burman. tax reform is then done this year for an tax cuts because a lot of people say we are past the reform talk stages, marc cantor and 81, 82 tax-cut in the 86 more significant tax reform. then what are we left with. u.s. senator glenn hall, great america life cochair eric beats. it just eats out right at the end of the year. we get it. it is in all it was originally touted to be. they have to make adjustments on
the corporate rate staggered over seven years, but they do it. what do you think? >> i think again a referendum on the leadership to get the things done. they have the majority in the house and senate and i think what they will see as much like the health care debate if there are example, cutting the corporate tax, then we can at least all agree on. why does it have to be an all or nothing kind of deal? if any lack. they are under the microscope. they are at an all-time low and i think as we are seeing the economy at an all-time high, every time i come on the show there's record growth. >> you are right. every time you're on. >> yeah, i'm a lucky charm. train to the president continues to lead, but what we need is to bypass the rhetoric and start putting out at least some of the things we can all agree on my cutting corporate tax of 15%.
trade you could make the argument when they are trying to repeal or replace obamacare that they had to do that and they inevitably and invariably fail, not once but twice. so now, the same pitch for this with a sense of emergency i would imagine is greater, the recognition of coming up with something as vital. the something thinking that, you know, all they need is three senators and all that far off. what do you think? >> at the best case scenario because the reason the budget reconciliation and make it to the 60 votes. so they don't have a little wiggle room in there. the pressure is still on. they have got to show that having control they can deliver on the promises and that's something the president has obsessed about any get congress to bring in the legislative great into these midterms. sure into obviously watching the market and maybe they've been
building in this tax cut that's going to happen. other people tommy now it's just are leanearnings, great balance and mean and continue to roll. but i can imagine that if these tax cuts don't materialize, they wouldn't let us a little bit about lester. what do you think? >> a lot of small businesses are already making forecasts on getting the corporate tax rate reduction. we are talking about the politics of that right now. if we really focus on the policy, we have a study released by the council of economic advisers earlier monday talking about how this type of tax reform if the congress is able to comment passed into law will lead 4000 to $9000 annually into the pockets of hard-working americans and that is something that needs to be stressed in order to get the politicians to get behind it and actually passing into law and allow the
administration to sign it. neil: john mccain at the big event yesterday where he clearly was taking a shot at the president. we will discuss. let's listen. >> to fear the world we've organized, to have been in the ideas we've advanced around the globe, to refuse the obligation of leadership and our duty to remain for the sake of some half baked nationalism cooked up by people who would rather solve problems -- fine state than solve problems. neil: half-baked. he wasn't saying that to the president of the united states, was he? >> who knows. what i know is there's been in washington d.c. since november november 8th. to really look at the markets. they are following the policies
protecting privacy one thing. donald trump was not part of the united states who would not be cutting the taxes. we would not be talking about repatriating some of the money from overseas. we wouldn't be talking about any of that. >> i'm listening to that, eric. john mccain for whom i have great respect. he is a no vote for sure. not even just towards the president, but the fact he has been against tax cuts, bush tax cuts, first and second if memory serves me right. and now i am wondering, since this is built on shaky arithmetic, that is what mccain has 30 set, then does he looks like a nail. what you think? >> john mccain is worried about his own legacy and is trying to establish himself as the one who's speaking the truth out there. i think it's too early to read into this. it depends what kind of deal they all work out in the sun and whether or not it something he
can be on board with. i wouldn't rule them out just yet. >> so you could say he might've telegraphed that he's open to changing his fears because when president obama wanted to raise those taxes on the upper income, he was a no vote on not come arguing now was not to be on anyone, even though he was against the prior cut that afforded them. he does seem to indicate some flexibility there. in your thinking, let's say he is a no. rand paul could be dicey. susan collins is iffy. you had a number of republican senators who would have to pick up some democratic support. could he, would he? >> yes, if you look back at a democrats has been in the past including chuck schumer, there's bipartisan agreement or corporate tax rate was making us globally noncompetitive. certainly schumer is not going to vote for this. if you look at senators who are
up for reelection like joe manchin, who come from states that supported trump in the presidential election. train to mention is that he doesn't like what he sees right now. i don't know what allowances or provisions will make for him, but he would be a no for the time being. >> that would be the art of the deal because you can see the unified framework has a lot of play in the joints. this flexibility. we don't have the exact numbers yet. >> thank you all, monitoring this very closely. i'm talking nfl owners meeting with players, unions wraps and the commission are trying to iron out some sort of a solution that would be acceptable to all to get past this national crisis, whatever, but the viewership and ratings prices that is translating right into their bottom line. after this. is this a phone?
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a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. neil: all right. they tranquilized this very strong that not going down easily. trying to jump to get away from there. escape near brooklyn, new york for a slaughterhouse. i don't know how far would the slaughterhouse was good already use one of the tranquilizer
darts, and maybe didn't account for the size of this. but on the loose come on the very same day the dow was hitting records in a bold rampage of its own. apparently a lot of this stuff is tied to market development. third time this has happened in a little more than two years he had usually, a big move into the markets. if they are not all connect it, we're looking at this as a metaphor for the markets. we hope, we are all animal lovers dear, that given the ingenuity and resourcefulness this ball has shown that he doesn't return to the slaughterhouse. i'm telling you, brooklyn, not happening, not on our watch. a couple of other developments we're following. a big meeting going on with nfl owners including jerry jones for just a few minutes ago was seen heading into the powwow. allhe owners, all the teams. commissioner goodell and union reps for the players.
what is at stake here? jerry jones body from the middle ground on all of this said he would kneel with his players before the national anthem is played. everybody would be a fanatic for the national anthem. but then i sort of fell on ears. that's a word that a lot of players that were not going to do this. doug aldrich on what solution may come up with. what do you think? >> i think it's an incredibly complex broader discussion. you mentioned mr. jones. i mean, he's mean, he sits atop a $4.2 billion bull and the dallas cowboys, the number two valued franchise in all global sports behind manchester united. in the fall as a whole is a 12 to $14 billion plan. the levels and layers of complexity involved are tremendous. to say a lot is at stake with this meeting i don't think would be an overstatement and all. neil: how did they find middle ground? i talked to players over the last couple days. you are forcing him into a
corner and he's a proud man. so how do you deal with that because a lot of them if they are told they are going to be banished for doing what they firmly believe they can and want to do their fine bench me. there are some that say a really strong on this issue are left. the field is literally our office. that's where we do the issue. i'm not going to bring this to the office place. others say hey i'm really passionate about this. i shouldn't be forced to choose between my office and how i feel about an issue, especially when the rest of the country is talking about it, why can't i.? to your point on the doubles in the details in the solution relies in the process. both sides have to be committed to an ongoing process more than a fixed resolute solution because of a double down on the process, which in this case is
dialogue, they will never get there. one of the things i said at the outset of the: kaepernick kneeling as i said i hope the merit of this position is an overshadowed by his messaging, which is to say there's definitely some good inaccuracy in his underline position. but is he taking the red avenue and select in the right to deliver that message. in other words, is he saying the right thing at the right times to the right people? if you put it in a different context i think it would have been received differently. neil: it's too late for that. not by arguing collusion against the owners he's not going to be hired by anyone. >> i would hate to say that's probably the case because i would never root against the player. there is careers are so sure to begin with. from a pulpit of the ability standpoint and makes it difficult. the juxtaposition which is tremendous versus the offshore baggage when you sue the owners, when there's references made to racial division and the team
owner, which came in the form of a treat and a lit and other bad decisions from a pr standpoint. we are not even talking about performance. the baggage that it brings when the league is suffering from a revenue stand point tied directly to sponsors, verizon, anheuser-busch, directv, offering their viewers a refund because they were so disgruntled in conjunction with dropping viewer ratings. for years, the nfl has been an absolute titanic among sports leagues. 12 to $14 billion a year. the last 12 years they had icebergs. domestic violence and what was perceived as a seeming indifference towards the issue. next came cte and head injuries and the trickle-down conversation to kitchen tables and mothers who are concerned about, gosh, nfl at the college and high school and high school level that doesn't happen at peewee to? most recently the: kaepernick issue which started as his position but then became inflamed and enraged as the
president waited and took on a whole another level in the whole another tenor of discussion. nfl as a wounded animal, but to say we found a proverbial in his armor that's very accurate. to go from an un- dented, undaunted and unquestionable, unrivaled sports property at $12 billion the year and to put it in context and the big four, the second closest was the nba at roughly 4 billion. the nfl is three times larger in terms of revenue. i'm a capitalist as are you. if we put this in pure dollars and sense, this is calculable, quantifiable. toluca back to your question when you say what do we do here, is there a solution? i don't know what to do. in the absence of a literal life-and-death situation, i can't imagine a more difficult premise to be under the not which mr. goodell and the 32 owners and the union of which -- neil: whatever is coming to your
point. you have a great sweeping perspective of all of this in the history. thank you very much. would love to chat with you again when they resolve this. in the meantime, keeping an eye on this market and away from 23,000 that it was there. there was enthusiasm for netflix and the subscriber growth they were seen not so much right now, both two and half hours until the end of it training lies. >> knock it out of the park if you like for the third quarter and added more customers than they thought they would. they thought they would use more in the fourth quarter. this really ramps up netflix versus amazon in this original content streaming war and basically competition for our eyeballs. netflix is actually spending between seven and $8 billion in 2018 developing movies. they have some coming out with the $100 million budget with
will smith, that they are betting big. amazon has not quite released its numbers he appeared last year the stranger they spent about 4.5 billion. they said they will be spending more. comparison point, apple spending a billion and facebook spending about a billion. this really hurts hollywood studios. her theater owners because the more we stay home and watch block busters at home, those other businesses will feel a little bit of a squeeze. >> but wouldn't netflix be able to absorb a lot of that? they been raising prices. is that enough to absorb all this added expense are given the fact that amazon will come on strong and have a lot more money available to do just that, and that they might be at a disadvantage? >> the budget could be a question that netflix essentially outbid abc. people know gray's anatomy, how to get away with murder, some of
the other had, scandal as well. so they are under pressure to spend big netflix is growing overseas and a lot of people are seeing this will make the difference for them. all over europe, even brazil, more and more customers. only asia seems to be netflix weaker spot. neil: remember when that house of cards and that was it i never went to look what happened to his career, he had to do this. >> so that's exactly pointed out, they want to replicate that with movies that they did with tvs peer to your point, house of cards and "orange is the new black." >> thank you very much coming deirdre bolton. the president, the greek prime minister holding a news conference. these things are always very entertaining at the very least. since it's a little bit of bad blood between these two leaders, but there was a few years ago, we will see how they are today. very friendly, very pragmatic
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neil: all right. we are getting a few more details about harvey weinstein's contract. may be key to determine if they will ever hang onto his job outlined in the contract. terminal defense attorney deborah blaum. nothing is reliable on this, but the one thing we are told is not that it exonerated behavior that is then made whole approved, but the understanding seemed to be if he be if he paid a lot of these settlements on and found, he could proceed here that sounds a little crazy and outlandish, but what do you know? >> i fully agree with you paid the weinstein company contractual relationship with harvey weinstein enabled his alleged predatory behavior and they could very easily be on the hook for wrongful termination. this 2015 contract had protocols for settling lawsuits for inappropriate conduct and actually had increasing first,
second and third instances of misconduct. his contract allowed him to secure his sexual harassment so long as he paid the price in his contract. this is a very unique provision. his contract essentially acknowledged his proclivities toward misconduct and once he cured his code of conduct violations, no further action can be taken. so this is a definition. this is the definition of wrongful termination. >> so, if that's is not embarrass some people suspect your point and you are the expert, little outlandish. it would seem to me the odds of him making a legal case, certainly not fired from the company aren't going anywhere. >> well, i respectfully disagree with you. his contract said that he has the right to mediation and then arbitration if they are planning on firing and and they didn't give him the right.
also, his contract specified that unless he's indicted for a crime or convicted of a crime, which there's no prosecution yet. in fact, the manhattan das office, then you still supposed to have his job. >> so, just help me with this. where do you think all of this goes because there's not only is survival as he can, and that his whole company, when you lose talent, when you lose contracts of working relationships in that business, you don't have a business. >> i agree with you. there was a complicit culture of covering this up. you know, the courts are not going to want to allow employers to have sexual predators -- that he should be fired in the decision was correct. i don't know what the company is going to do. i feel they enabled his behavior pursuant to its contract.
neil: thank you very, very much. appreciate it. meanwhile, an update on the wildfires. hillary von with the latest in santa rosa. >> neil, over 200,000 acres have burned in the past eight days. crews have been working to get containment of these fires that are burning through california wine country. it burned through more land in one week than any of the land of burned through this entire year so far. you can see the smoke from right now behind me is the largest in the area. over half of the firefighters that are working statewide are working here, including over 38 euros and 800 fire engines. pioneer with jason and then he was telling me this is not only a career fire for him, but also explaining to me what is going on underneath the white glowing smoke that we see. what is going on on the ground right now?
>> behind us right now is the more fire operation we started yesterday. basically to try to get rid of the fuel between two of the fires in so bad as great now. they make you also seem it is rare to see a wildfire come off of a rural area and hit a city with several suburban homes taken out entire neighborhoods as well. >> absolutely. i've never seen that in my career and it's definitely something extremely rare that would have been. >> what did you see through those neighborhoods? >> it is just complete destruction. whole entire blocks on the city community gone. >> this is just one operation they have going on. two different buyers hoping to get containment and does, but this is going to be an all-day operation as this inversion layer lives that began to heat up. the winds begin to pick up and of course those operations continue, trying to get control of these fires.
>> hillary, thank you very much. hillary von in the middle of all of this in santa rosa, california. coming up come the president conference with alexis tsipras. also an update on what has been offered to help them out. they certainly need the help. there's only so much they can do to help the beleaguered nation to let meyer did not. we also get a market because it is losing a lot of that on the same day we have a ball losing a little rampage in brooklyn. tranquilized and now we are told, apprehended, captured, but it rather not be going back to the slaughterhouse from which it came because we are rallying for the bull. you send that bull back to the slaughterhouse, you're going to have coast-to-coast to deal
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neil: all right, we are moments away fro the preside of the united state top adviss come a great prime minister, the presidt with this ght now ry b. smith, scott shalit d., actually webster. you from across the pond in london and what's going on with our markets and this notion that this will continue uninterrupted because the tax cut than they look good. do you agree with that? >> well, the best thing to have in this market is no memory because i have a memory of 1987 in 1989, and all the things that went wrong. proving that all we need now for a new record high as it happens everyday. you can tell i'm skeptical, from 1996 to 2017, we only have half the amount of stocks we have. 4.5 trillion because of the sudden balance sheet as well as
europe. there's still so much money out there and nobody's taking any risks on board. slowly but surely driving higher because it will work until it doesn't. >> that is true. i wasn't even born so i can't relate to that. one of the things i do see is when people get to the point where they are disproportionately bullish and they show that is just happening, that can be a signal. i don't know whether you buy that, but are you worried about that? the >> very much so. in fact, last week i saw about half my portfolio and monday morning i sold the rest. so i totally am in cash. [inaudible] >> ibm. i yam. i still trade but on a short-term basis. and here's the reason. at a party, about a week ago, i heard a lot of people and not in the financial market wanted to
talk about their gains. they were almost giddy about how much money they were making. it's going to be the greatest ever invariably marks the top. could we dropped five, 10% from here. easily? if we keep going up, and i'll say i was the guy they timed it. >> stopped going to parties who stuart varney. ashley webster, and you get a sense that obviously the president is writing that, is he blaming it as if it would go the other way, but that it could go the other way. ronald reagan was saying we are never talking about the markets even though they were running out because he was the one trapped in that crash later corrected itself. what are you looking at here.
>> with regard to the marketers and little else in town to go after. the money is going into equities because it's the only place you can get any yield. it's kind of remarkable how this market continues to melt. the question is are the tax cuts, if they don't get done, is there more and more delays? what does that do to the market thinking? the economy is headed in the right direction. the earnings in the third quarter had been pretty solid. all in all, it has been good. the bears are coming out of the woodwork saying law of averages of nothing else there's a correction on board. at this point, if you look at this economy and the others, some 43 economies around the world right now that are all growing at the same time. really quite remarkable. my question is if you have money and if you cashed out, what you going to do? sit on it while the market continues to grow? neil: scott shellady, and whether the market is overpriced
or due for a checkup, do you think it's an expensive market? what's the tax cuts come in but it won't be expensive. let's not get ahead of ourselves. these pass earnings, future earnings, is a pricey deal? >> well, the best way to answer that question is if we don't need the money tomorrow, i probably would just stay in. if i needed to retire in the next six to 12 months, i would do it the other gentleman just said. feathering either position and going to cash. we put $5 trillion on this market since the election. are you going to take grandma's 5 million she bequeathed to you and all it all in right now. mind you, the gains we are making are very small. the only thing you need for a new record highs alarm clock because it happens everyday.
ashley is right, there's this reach for return and it works until it doesn't. you have to be a little bit careful. at the end of the day, we will have something that kind kind of pulls back. right on the markets not afraid of it. neil: this is the second time you're here. we spoke of retirement are quitting six months or so. i'm wondering, why aren't you saying that to me? when you went into cash, i assume treasury bills, that sort of thing, how did you play it? >> i just went in. i sold everything in exactly a long-term bonds and money market waiting for what i perceive as the next century. it is always more difficult a thing to judge tops than it is bottom. again, there's two things.
when i hear the giddiness and ashley alluded to what could possibly stop the market. i'm putting words in ashley's mouth. probably something we haven't thought of. a terrorist attack here, it china tanking. >> weird things in retrospect like programs reading, any of that sort of stuff we might've been able to surmise. you think when they look at this we have the top enough protections because sure as we do, another event that happens that we didn't prepare for. >> a black swan event. north korea is not a black swan. we know it's there. all sorts of harsh words going back and forth. i hope there's not something lurking out there with that kind of panic.
neil: a double in the bond market, maybe getting used to this incredibly low rate environment. it's still ridiculous. >> complacency is a huge problem in that can come back to bite you. could there be something out there? i don't know. i want to know scott shellady's grandmother. i want to cash out and go somewhere else and watch on the sidelines. in case things go bad here. scott, let's say the tax cuts never materialize or not to the degree of their watered-down, would that be a catalyst for disappointment? a lot of corporate america waiting for that to say man, would you think? >> i do want to be a debbie downer on this one. but here we go. everybody thinks we have a high
likelihood of the tax cut and that will lead to the next leg higher. i think we are here because we are going to get a tax cut. buy the rumor, sell the fact. neil: i don't think we are. certainly not this year. i could be very wrong. it is just going to be dicey. i want to thank you. the president right now, his counterpart, talking to american reporters. you know holloway guessed her day. that could be interest in. let's listen in. >> thank you very much. i just want to make an initial comment that the stock market hit an all-time record high for the first time ever, 23,000. so we are very happy about that. i hope that greece is going to be doing the same thing very soon. i think they will. but i'm honored to welcome prime
minister tsipras of greece. he's a special man to me than a great job. we are grateful to the prime minister into his entire delegation for visiting us today at the white house. greece is the cradle of western civilization so true of democracy, and so much else. we look with wonder and awe. we do indeed have a tremendous heritage, mr. prime minister. perhaps for this reason america's friendship with the greek people has been long and enduring. thomas jefferson wrote at the dawn of the modern greek state that no people sympathize more with great patriot and none offer more severe and urgent prayers to heaven for their success in the american people. jefferson's words are true to this day. mr. prime minister, i'm proud to report that this past march we
celebrated week independence day right here at the white house and it was great. america and greece on this common history inheritance in order of peoples abiding commitment to freedom and sovereignty. working together and great challenges now before us there are tremendous opportunities in so many different ways. the prime minister and i have concluded a productive discussion on the cooperation in energy, commerce and trade. i want to thank the great people for the u.s. naval forces. i also commend greece for being one of the few nato countries currently spending at least 2% gdp defense. my administration is also informed congress others fail to
greece to upgrade its aircraft. the agreement to strengthen the hellenic air force is worth up to $2.4 billion would generate thousands of american jobs. we also are making great strides in her economic cooperation. the american people stand at the great people as they recover from economic crisis that but recently afflicted their nation. i'd encourage the prime minister and his continued implementation of reform and reform programs and i have totally reaffirmed our support for a responsible debt relief plan, and a strong and flourishing grease provides immense opportunity for american trade investment and job creation. i think the prime minister, his predecessors in the greek people for their effort to return stability and prosperity to greece. on energy, we appreciate greek
contributions of the trans-adriatic pipeline, greece, bulgaria interconnector and liquefied natural gas facilities that are capable of transporting diverse energies, including potential liquefied natural gas exports from the united states of which is getting bigger and bigger as we know. these initiatives make out that our people safer and create good jobs for hard-working citizens. finally, i am also very proud that the united states will be the honored country at this yearventures international fare increase. this trade exhibition will showcase american technology enterprise and innovation on the world stage. we look very much forward to sending a high-level delegation to attend this wonderful event. mr. prime minister, thank you for being here today or
partnership in addressing political issues facing our country is. i look forward to having many discussions with u.n. to having a very close and warm cooperation on a wide range of shared object is. we will build upon our foundation of history and shared values to pursue a future of security, prosperity and peace for both your nation and hours. mr. prime minister, thank you very much. [speaking in native tongue] >> translator: i think the president for his hospitality and for his very productive discussions. the friendship between our two countries are based on our common democratic principles on
the venues that we jointly share his peoples. it is correct that the founders of the united states were inspired by ancient greece and the greek revolution was inspired by the american revolution. this relationship is also based on a very dynamic diaspora of great people here in the u.s., which offers many for both countries. as we underlined earlier, the greek u.s. relationships may be at their vast sense the second world war when people work together shoulder to shoulder. and i do believe there are many reasons. today our strategy is based on
mutual respect and it is said by significance provided by the u.s. to greece and the greek people during the hard times of economic crisis, support as the exit and at this point i would like to focus a minute. greeks today have three basic object is, which do not only relate to greece, but things that are special significance at an international level. first, it is dynamic coming out of the crisis, noting and beginning to attract investments and increase its exports as we see it as well from the greek u.s. balance of trade, leaving behind not only prices, but
leaving behind economic model that lets the prices. second, greece today is the most significant power of security constitution and one of the most important, but at the same time unstable, sensitive areas of the planet. a country with a dynamic foreign policy, a country which is a reliable partner and ally of the united states which fulfills its nato obligations and includes corporations with the united states, which maintains the dialogue with turkey. despite the difficulties that we face in the challengers, but knowing the very important and
promotes the balkans which contribute to the security and growth of the area and third, greece been already strong in maritime is gradually becoming a significant crossroads for transportation and energy. i would like to mention the tap pipeline and the east med pipeline. the agreements for an alan g in northeast greek and the prospects that will be an area where we can receive exports and imports from the united states. and i would like to mention the promotion of strong and fast
real connections with the rest of the balkans. in this case it is clear that mr. treacher cooperation with the united states is becoming more important than ever. first of all we look forward and this is a significant message here we look forward to attracting u.s. investment and the more substantial support of the effort to exit this horrible crisis. the fact that the united states will be the honored country in 2018 will play a significant role in this area. second, greece can develop in creating a pillar of stability and security if it is freed from the fundamental national
concerns in the years of security and defense. the united states have a significant role to play in this matter. not only in diplomatic, and we look forward in this context and the viable solution based on the decisions of the u.n. security council a solution for the benefit of all without guarantors are occupying military forces would give a new to. at the same time we are underlining that the dangerous presence must and. it undermines the date of the relationship between two nato allies in a broader unstable unsettled area. greece is a country that's always open to dialogue, but i
want to be very clear. people always protect decisively at sovereignty right against u.s.a. claims and with these thoughts i would like to thank president trump for the wonderful discussion with help, which i believe will give a substantial push to the cooperation and i believe then i said we created a group between the ministers of the economy, secretaries of the economy so we can monitor the ability to have a substantial cooperation and investment in economy and offset theirs. thank you very >> take a few questions. john, go ahead, please.
reporter: thank you, mr. president. good to see you out in the rose garden again. seem to do this on occasion. >> it's a nice place. reporter: i have a question for the prime minister in a moment, if i could, first, you said short time ago obamacare is virtually dead. your plans for graham-cassidy have not been able to get off of the ground in the senate. no idea whether it will early in 2018. you have picking around edges with executive orders, some critics say helping to destroy obamacare. at this point what is your health care plan, sir? >> if you look at insurance companies you take a good long look at insurance companies, since the formation of obamacare, they're up 400%, 450%. 200%, 300%. they have made a fortune, the insurance companies. when i knocked out hundreds of millions of dollars a month paid pack to the insurance companies
by politicians, i must tell you that, wanted me to continue to pay this, i said i'm not going to do it. this is money that foes to the insurance companies to line their pockets, raise up the stock prices, they have had a record run. they have had a record run, it is not appropriate. obamacare is a disaster. it is virtually dead as far as i'm concerned it is dead. i predicted that a long time ago. it's a concept that doesn't work. we are close. we feel we have the votes. as soon as we finished with taxes, john, we feel we have the votes to get block grants into the states where the states much better manage the people and state massive block grants into the various states so the states can run the program. we feel we will have the votes. we'll be doing that after the taxes. meantime we're involved with a budget and then after the budget, hopefully that gets approved. after the budget,